Shares of ProShares UltraPro Short QQQ (SQQQ) Sees Large Outflow of Money

ProShares UltraPro Short QQQ (SQQQ) : The total money flow in ProShares UltraPro Short QQQ (SQQQ) was negative ($3.07 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $19.04 million. In comparison, the inflow of money into the stock on upticks was $15.97 million. The uptick to downtick ratio was 0.84. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.21 million. The value of transactions on uptick was $1.86 million. The negative money flow of ($1.35 million) confirms the selling in ProShares UltraPro Short QQQ (SQQQ) on strength. The uptick to downtick ratio of block trades was 0.58. ProShares UltraPro Short QQQ (SQQQ) gained $0.04 at $18.09, a gain of 0.22% over the previous days close. However, the stock registered -0.44% in the week.


The stock has recorded a 20-day Moving Average of 5.11% and the 50-Day Moving Average is 6.09%.

ProShares UltraPro Short QQQ (NASDAQ:SQQQ): The stock opened at $17.99 on Thursday but the bulls could not build on the opening and the stock topped out at $18.13 for the day. The stock traded down to $17.75 during the day, due to lack of any buying support eventually closed down at $17.88 with a loss of -0.94% for the day. The stock had closed at $18.05 on the previous day. The total traded volume was 6,331,019 shares.

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles. The Funds advisor is ProShare Advisors.

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